Fixed Income Investor Information
A Strong Financial Foundation
Manageable maturity schedule and strong credit ratings provide financial flexibility for fixed income investors.
| ($ in Millions) | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 and Beyond |
Total | ||
|---|---|---|---|---|---|---|---|---|---|
| PPL Capital Funding | $0 | $0 | $800 | $600 | $350 | $2,780 | $4,530 | ||
| PPL Electric Utilities(1) | 0 | 400 | 474 | 90 | 0 | 3,075 | 4,039 | ||
| LG&E and KU Energy | 475 | 250 | 0 | 0 | 0 | 0 | 725 | ||
| Louisville Gas & Electric(1) | 0 | 292 | 0 | 0 | 0 | 1,732 | 2,024 | ||
| Kentucky Utilities(1) | 500 | 132 | 0 | 13 | 0 | 1,997 | 2,642 | ||
| WPD plc(3) | 0 | 500 | 0 | 641 | 64 | 651 | 1,856 | ||
| WPD Operating Companies(2)(3) | 192 | 0 | 0 | 898 | 513 | 4,528 | 6,131 | ||
| Total | $1,167 | $1,574 | $1,274 | $2,242 | $927 | $14,763 | $21,947 |
Note: As of March 31, 2020.
(1) Amounts reflect the timing of any put option on municipal bonds that may be put by the holders before the bonds' final maturities.
(2) Includes WPD (East Midlands) plc, WPD (West Midlands) plc, WPD (south Wales) plc and WPD (South West) plc.
(3) U.K. translated at $1.2823/£.
Current credit ratings as of June 30, 2019
Senior Unsecured Ratings
| Entity | Moody's | S&P |
|---|---|---|
| PPL Capital Funding, Inc. | Baa2 | BBB+ |
| Western Power Distribution plc | Baa3 | BBB+ |
| Western Power Distribution (East Midlands) plc | Baa1 | A- |
| Western Power Distribution (West Midlands) plc | Baa1 | A- |
| Western Power Distribution (South Wales) plc | Baa1 | A- |
| Western Power Distribution (South West) plc | Baa1 | A- |
| LG&E and KU Energy LLC | Baa1 | BBB+ |
Senior Secured Ratings
| Entity | Moody's | S&P |
|---|---|---|
| Louisville Gas and Electric Company | A1 | A |
| Kentucky Utilities Company | A1 | A |
| PPL Electric Utilities Corporation | A1 | A |
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Our employees remain hard at work during the COVID-19 pandemic to keep the power flowing. We are also providing assistance for the many that are struggling. Read more about our efforts.
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PPL Corporation (NYSE: PPL) announced first-quarter 2020 reported earnings (GAAP) of $0.72 per share and earnings from ongoing operations of $0.67 per share.
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PPL has set a more aggressive carbon reduction goal of at least 80% from 2010 levels by 2050 and has accelerated its previous 70% goal by 10 years to 2040.
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